Ukraine: metal output down in 2019

In 2019 Ukraine produced 20.824 million tons of steel, down by 1.3% YoY. Pig iron manufacture decreased by 2.5%, to 20.054 million tons, and rolled metal – by 1.1%, to 18.16 million tons. Ukraine started decreasing output since September 2019 due to the drop in demand and price. In particular, Dneprovsky Iron and Steel Works…

Russia: MMK shareholders approve Q3 2019 dividends

The shareholders of Magnitogorsk Iron and Steel Works (MMK) have approved July-September 2019 dividends at 1.65 rubles per share, the company said. “A decision to pay dividends for the third quarter of the reporting year 2019 in the amount of 1.65 rubles per common share (tax included) was voted by the majority,” the statement said.…

Russia: ChTPZ ships LDP to Turkmenistan

The ChTPZ Group has supplied over 150 thousand tons of pipes for the construction of the TAPI gas pipeline. The state concern TurmenGaz is the customer. The pipes made of X70 steel with the diameter of 1422 mm and the outer corrosion-resistant coating will be used to construct the pipeline on the Turkmenistan territory. (Ukrainian…